SUD - CONSTRUCT
ActiveSummary
SUD - CONSTRUCT has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €831,234 and a net result of €2,868. Equity remains stable across the filed fiscal years (±1.4% per year). Its solvency ranks better than 26% of 851 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
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Signals
This company filed its last 7 accounts on average 9 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
History
SUD - CONSTRUCT was incorporated on 31 May 1985.1 The registered office was moved to Woluwe-Saint-Lambert in 2024.2 The board currently has 6 members; Mark Beyst - Consultancy has served longest, since 2020.3 Revenue fell from EUR 16 million in 2018 to EUR 72,154 in 2023 and headcount from 28.8 full-time equivalents in 2018 to 26.7 in 2020.4
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Financials · fiscal year 2025, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 4,678 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,678 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €1.6m | €1.1m | €141,886 | €27,983 | €67,752 | ▲ 142% |
| Turnover70 | €1.7m | €996,069 | €72,154 | - | - | - |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€286,537 | - | - | - | - | - |
| Other operating income74 | €173,620 | €141,122 | €69,732 | €27,983 | €66,521 | ▲ 138% |
| Non-recurring operating income76A | - | - | - | - | €1,231 | - |
| Operating charges60/66A | €1.5m | €865,302 | €146,349 | €54,677 | -€43,758 | ▼ 180% |
| Goods for resale, raw materials and consumables60 | €1.4m | €875,387 | €45,934 | €12,494 | -€51,164 | ▼ 510% |
| Purchases600/8 | €1.2m | €229,519 | €1,567 | €12,494 | €4.1m | ▲ 32,385% |
| Change in stocks: decrease (increase)609 | €260,735 | €645,869 | €44,367 | - | -€4.1m | - |
| Services and other goods61 | €33,394 | €47,148 | €40,695 | €20,677 | €14,525 | ▼ 29.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €14,317 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €20,000 | -€92,155 | -€47,000 | €21,198 | -€128,693 | ▼ 707% |
| Other operating charges640/8 | €21,487 | €34,921 | €106,720 | €307 | €107,258 | ▲ 34,804% |
| Non-recurring operating charges66A | €5,888 | - | - | - | - | - |
| Operating profit (loss)9901 | €94,355 | €271,889 | -€4,463 | -€26,694 | €111,510 | ▲ 518% |
| Financial income75/76B | €7,501 | €12,194 | - | - | €115 | - |
| Recurring financial income75 | €7,501 | €12,194 | - | - | €115 | - |
| Income from financial fixed assets750 | - | - | - | - | €115 | - |
| Other financial income752/9 | €7,501 | €12,194 | - | - | - | - |
| Financial charges65/66B | €36,471 | €9,026 | €3,652 | €2,242 | €106,281 | ▲ 4,641% |
| Recurring financial charges65 | €36,471 | €9,026 | €3,652 | €2,242 | €106,281 | ▲ 4,641% |
| Debt charges650 | - | €359 | - | - | €54,408 | - |
| Other financial charges652/9 | €36,471 | €8,668 | €3,652 | €2,242 | €51,873 | ▲ 2,214% |
| Profit (loss) for the period before taxes9903 | €65,385 | €275,056 | -€8,115 | -€28,935 | €5,344 | ▲ 118% |
| Income taxes67/77 | €11,057 | €66,987 | -€12,816 | -€1,194 | €2,476 | ▲ 307% |
| Taxes670/3 | €74,557 | €71,797 | €30,000 | €4,000 | €4,374 | ▲ 9.4% |
| Tax adjustments and reversals of tax provisions77 | €63,500 | €4,810 | €42,816 | €5,194 | €1,898 | ▼ 63.5% |
| Profit (loss) for the period9904 | €54,328 | €208,069 | €4,701 | -€27,741 | €2,868 | ▲ 110% |
| Profit (loss) for the period to be appropriated9905 | €54,328 | €208,069 | €4,701 | -€27,741 | €2,868 | ▲ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €1.6m | €1.3m | €1.3m | €4.8m | ▲ 278% |
| Fixed assets21/28 | - | - | €32,500 | €744,250 | - | - |
| Financial fixed assets28 | - | - | €32,500 | €744,250 | - | - |
| Other financial fixed assets284/8 | - | - | €32,500 | €744,250 | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €32,500 | €744,250 | - | - |
| Current assets29/58 | €2.2m | €1.6m | €1.3m | €513,944 | €4.8m | ▲ 824% |
| Stocks and contracts in progress3 | €690,236 | €44,367 | - | - | €4.1m | - |
| Stocks30/36 | €690,236 | €44,367 | - | - | €4.1m | - |
| Property held for sale35 | €690,236 | €44,367 | - | - | €4.1m | - |
| Amounts receivable within one year40/41 | €458,176 | €170,450 | €118,590 | €101,628 | €37,787 | ▼ 62.8% |
| Trade receivables40 | €399,676 | €158,227 | €57,397 | €52,436 | €32,613 | ▼ 37.8% |
| Other amounts receivable41 | €58,500 | €12,222 | €61,194 | €49,191 | €5,174 | ▼ 89.5% |
| Cash at bank and in hand54/58 | €1.0m | €1.4m | €1.2m | €412,316 | €603,333 | ▲ 46.3% |
| Deferred charges and accrued income490/1 | €2,661 | €328 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €1.6m | €1.3m | €1.3m | €4.8m | ▲ 278% |
| Equity10/15 | €643,336 | €851,405 | €856,107 | €828,366 | €831,234 | ▲ 0.3% |
| Contributions10/11 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Capital10 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Issued capital100 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Reserves13 | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Non-distributable reserves130/1 | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Legal reserve130 | €55,000 | €55,000 | €55,000 | €55,000 | €55,000 | = |
| Profit (loss) carried forward14 | €38,336 | €246,405 | €251,107 | €223,366 | €226,234 | ▲ 1.3% |
| Provisions and deferred taxes16 | €330,000 | €237,845 | €190,845 | €212,043 | €83,350 | ▼ 60.7% |
| Provisions for liabilities and charges160/5 | €330,000 | €237,845 | €190,845 | €212,043 | €83,350 | ▼ 60.7% |
| Environmental obligations163 | €330,000 | €237,845 | - | - | - | - |
| Other liabilities and charges164/5 | - | - | €190,845 | €212,043 | €83,350 | ▼ 60.7% |
| Amounts payable17/49 | €1.2m | €487,538 | €289,350 | €217,785 | €3.8m | ▲ 1,662% |
| Amounts payable after more than one year17 | - | - | - | - | €3.7m | - |
| Financial debts170/4 | - | - | - | - | €2.1m | - |
| Credit institutions173 | - | - | - | - | €2.1m | - |
| Other amounts payable178/9 | - | - | - | - | €1.6m | - |
| Amounts payable within one year42/48 | €1.2m | €487,271 | €289,083 | €217,785 | €175,819 | ▼ 19.3% |
| Trade debts44 | €1.1m | €486,456 | €256,583 | €217,785 | €171,445 | ▼ 21.3% |
| Suppliers440/4 | €1.1m | €486,456 | €256,583 | €217,785 | €171,445 | ▼ 21.3% |
| Taxes, remuneration and social security45 | €29,069 | €283 | - | - | €4,374 | - |
| Taxes450/3 | €21,500 | €283 | - | - | €4,374 | - |
| Remuneration and social security454/9 | €7,570 | - | - | - | - | - |
| Other amounts payable47/48 | €104,038 | €531 | €32,500 | - | - | - |
| Accrued charges and deferred income492/3 | €7,576 | €267 | €266 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €54,328 | €208,069 | €4,701 | -€27,741 | €2,868 | ▲ 110% |
| Operating cash flow (approximation) | €54,328 | €208,069 | €4,701 | -€27,741 | €2,868 | ▲ 110% |
| Investment in fixed assets (approximation) | - | - | - | -€711,750 | - | - |
| Change in cash | - | €323,858 | -€176,433 | -€772,895 | €191,017 | ▲ 125% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
05-01
State Gazette act
Resignations: Althiel SRL (director) and Marc Joway (director)Permanent representative: Pierre Sironval · Power of attorney12 facts ▸
- General meeting, 09-05-2023
- Director resignation, Althiel SRL (director)
- Permanent representative, Pierre Sironval
- General meeting, 13-05-2025
- Director resignation, Marc Joway (director)
- Power of attorney, GABELI SRL
- Power of attorney, Jean POLET
- Power of attorney, Mark BEYST - Consultancy bv
- Power of attorney, Etienne BANSE
- Power of attorney, Alain LOBET
- Power of attorney, Pierre VELAERTS
- Power of attorney, Karla CRAEYNEST
12-11
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 25-09-2024
- Registered-office move, Avenue des Communautés, 100 à 1200 Woluwe-Saint-Lambert
12-07
State Gazette act
Reappointments: Jean Polet, Gabeli SRL and 2 othersPermanent representatives: Hans Beerlandt and Mark Beyst · Appointment: Deloitte Réviseurs d'Entreprises SRL (statutory auditor) · Mandate compensation21 facts ▸
- General meeting, 14-05-2024
- Director reappointment, Jean Polet (director)
- Director reappointment, Gabeli SRL (director)
- Permanent representative, Hans Beerlandt
- Director reappointment, Mark Beyst - Consultancy BV (director)
- Permanent representative, Mark Beyst
- Director reappointment, Etienne Banse (director)
- Mandate compensation, Jean Polet
- Mandate compensation, Gabeli SRL
- Mandate compensation, Mark Beyst - Consultancy BV
- Mandate compensation, Etienne Banse
- General meeting, 26-06-2024
- +9 further facts in this act
01-08
State Gazette act
Resignation: Althiel SRL (director)2 facts ▸
- General meeting, 09-05-2023
- Director resignation, Althiel SRL (director)
09-05
State Gazette act
Statutes amendmentCapital3 facts ▸
- General meeting, 27-04-2023
- Statutes amendment
- Capital, €550.000
Show earlier events
14-03
State Gazette act
Reappointment: Mazars Réviseurs d'Entreprises (statutory auditor)2 facts ▸
- General meeting, 11-05-2021
- Auditor reappointment, Mazars Réviseurs d'Entreprises
27-07
State Gazette act
Resignations: Rik Vandenberghe, Alain Delens and 2 othersReappointments: Mark Beyst - Consultancy BV (director) and Jean Polet (director) · Appointments: Gabeli SRL (director) and Althiel SRL (director) · Permanent representatives: Philippe Quoilin, Mark Beyst and 3 others23 facts ▸
- General meeting, 11-05-2021
- Director resignation, Rik Vandenberghe (director)
- Director resignation, Alain Delens (director)
- Director resignation, François Malfait (director)
- Director resignation, Philipe Quoilin SRL (director)
- Director reappointment, Mark Beyst - Consultancy BV (director)
- Director reappointment, Jean Polet (director)
- Director appointment, Gabeli SRL (director)
- Director appointment, Althiel SRL (director)
- Permanent representative, Philippe Quoilin
- Permanent representative, Mark Beyst
- Permanent representative, Hans Beerlandt
- +11 further facts in this act
13-01
State Gazette act
Resignation: Damien MAGERAT (director)Appointments: Alain Delens, Rik Vandenberghe and 3 others · Permanent representative: Mark Beyst · Power of attorney19 facts ▸
- Board meeting, 08-12-2020
- Director resignation, Damien MAGERAT (director)
- Director appointment, Alain Delens (director)
- Director appointment, Rik Vandenberghe (director)
- Director appointment, Philippe Quoilin sri (director)
- Director appointment, Jean Polet (director)
- Director appointment, Mark Beyst - Consultancy bv (director)
- Permanent representative, Mark Beyst
- Power of attorney, Alain Delens
- Power of attorney, Marc JOWAY
- Power of attorney, François MALFAIT
- Power of attorney, Philippe Quoilin sri
- +7 further facts in this act
05-09
State Gazette act
Appointments: Damien MAGERAT, Jacques DELENS and Marc JOWAYResignations: Marc JOWAY (managing director) and Jacques DELENS (président du conseil) · Reappointment: Jacques DELENS (director) · Power of attorney23 facts ▸
- Board meeting, 01-12-2016
- Director appointment, Damien MAGERAT (managing director)
- Director resignation, Marc JOWAY (managing director)
- Director resignation, Jacques DELENS (président du conseil)
- Director appointment, Jacques DELENS (président honoraire)
- Director appointment, Marc JOWAY (président du conseil)
- General meeting, 09-05-2017
- Director reappointment, Jacques DELENS (director)
- Board meeting, 13-06-2017
- Power of attorney, Jacques DELENS
- Power of attorney, Marc JOWAY
- Power of attorney, Damien MAGERAT
- +11 further facts in this act
23-08
State Gazette act
Reappointments: Jacques Delens, Marc Joway and 3 othersPermanent representative: Anton Nuttens7 facts ▸
- General meeting, 10-05-2016
- Director reappointment, Jacques Delens (director)
- Director reappointment, Marc Joway (director)
- Director reappointment, Damien Magerat (director)
- Director reappointment, François Malfait (director)
- Auditor reappointment, Mazars Réviseurs d'Entreprises (statutory auditor)
- Permanent representative, Anton Nuttens
10-07
State Gazette act
Reappointments: Marc Joway (director) and Jacques Delens (director)Appointment: Damien Magerat (director) · Resignations: Luc Galand (director) and Jacques Rorif (director)8 facts ▸
- General meeting, 13-05-2014
- Director reappointment, Marc Joway (director)
- Director reappointment, Jacques Delens (director)
- General meeting, 12-05-2015
- Director reappointment, Jacques Delens (director)
- Director appointment, Damien Magerat (director)
- Director resignation, Luc Galand (director)
- Director resignation, Jacques Rorif (director)
19-09
State Gazette act
Reappointments: Jacques Delens, François Malfait and 2 othersAppointment: Mazars Réviseurs d'Entreprises (statutory auditor) · Permanent representative: Anton Nuttens7 facts ▸
- General meeting, 14-05-2013
- Director reappointment, Jacques Delens (director)
- Director reappointment, François Malfait (director)
- Director reappointment, Luc Galand (director)
- Director reappointment, Jacques Rorif (director)
- Auditor appointment, Mazars Réviseurs d'Entreprises (statutory auditor)
- Permanent representative, Anton Nuttens
25-07
State Gazette act
Resignations & appointmentsPower-of-attorney revocation · Power of attorney15 facts ▸
- Board meeting, 16-03-2012
- Power-of-attorney revocation, 16-03-2012
- Power of attorney, Jacques DELENS
- Power of attorney, Marc JOWAY
- Power of attorney, Luc GALAND
- Power of attorney, François MALFAIT
- Power of attorney, Jacques RORIF
- Power of attorney, Patrice VAN DE VELDE
- Power of attorney, Christophe DEMEY
- Power of attorney, Benoît ARNOLD
- Power of attorney, Benjamin BERTRAND
- Power of attorney, Guy LAUNOY
- +3 further facts in this act
31-05
State Gazette act
Permanent representative: Anton NuttensCorporate act2 facts ▸
- Corporate act, 21-05-2012
- Permanent representative, Anton Nuttens
08-06
State Gazette act
Reappointments: Jacques Delens (director) and Marc Joway (director)Appointment: Marc Joway (managing director)5 facts ▸
- General meeting, 10-05-2011
- Director reappointment, Jacques Delens (director)
- Director reappointment, Marc Joway (director)
- Board meeting, 10-05-2011
- Director appointment, Marc Joway (managing director)
30-09
State Gazette act
Resignations & appointmentsPower annulment · Power of attorney15 facts ▸
- Board meeting, 08/09/2010
- Power annulment, All previously granted powers of attorney are annulled and replaced as of 08/09/2010
- Power of attorney, Jacques DELENS (président du conseil, administrateur)
- Power of attorney, Marc JOWAY (managing director)
- Power of attorney, Luc GALAND (director)
- Power of attorney, François MALFAIT (director)
- Power of attorney, Jacques RORIF (director)
- Power of attorney, Patrice VAN DE VELDE (director (executive))
- Power of attorney, Christophe DEMEY (dirigeant de travaux)
- Power of attorney, Benoît ARNOLD (dirigeant adjoint de travaux)
- Power of attorney, Benjamin BERTRAND (gestionnaire de chartier)
- Power of attorney, Guy LAUNOY (gestionnaire de chantier)
- +3 further facts in this act
14-06
State Gazette act
Reappointments: Jacques Delens, Jacques Rorif and 2 othersPermanent representative: Hugo Van Passel6 facts ▸
- General meeting, 11/05/2010
- Director reappointment, Jacques Delens (director)
- Director reappointment, Jacques Rorif (director)
- Director reappointment, Luc Galand (director)
- Auditor reappointment, Mazars Bedrijfsrevisoren - Réviseurs d'Entreprises
- Permanent representative, Hugo Van Passel
09-07
State Gazette act
Reappointments: Jacques Delens, Jacques Rorif and 3 others6 facts ▸
- General meeting, 08-05-2007
- Director reappointment, Jacques Delens (director)
- Director reappointment, Jacques Rorif (director)
- Director reappointment, Luc Galand (director)
- Director reappointment, Marc Joway (director)
- Auditor reappointment, Hugo Van Passel (statutory auditor)
09-07
State Gazette act
Appointments: Jacques DELENS, Marc JOWAY and 3 othersPower of attorney21 facts ▸
- Board meeting, 06-03-2007
- Power of attorney, Jacques DELENS
- Power of attorney, Marc JOWAY
- Power of attorney, Luc GALAND
- Power of attorney, François MALFAIT
- Power of attorney, Jacques RORIF
- Power of attorney, Patrice VAN DE VELDE
- Power of attorney, Benoît ARNOLD
- Power of attorney, Benjamin BERTRAND
- Power of attorney, Christophe DEMEY
- Power of attorney, Guy LAUNOY
- Power of attorney, Henriette VANOBBERGEN
- +9 further facts in this act
25-04
State Gazette act
Resignations & appointmentsPower of attorney9 facts ▸
- Board meeting, 17-03-2005
- Power of attorney, Jacques DELENS
- Power of attorney, Marc JOWAY
- Power of attorney, Jacques RORIF
- Power of attorney, Luc GALAND
- Power of attorney, François MALFAIT
- Power of attorney, Patrice VAN DE VELDE
- Power of attorney, Benoît ARNOLD
- Power of attorney, Patrick EVRART
23-06
State Gazette act
Reappointment: Jean-Jacques DELENS (managing director)2 facts ▸
- Board meeting, 02-04-2003
- Director reappointment, Jean-Jacques DELENS (managing director)
Directors · office · real estate
Board 6
1 not recently confirmed
Day-to-day management 1
Permanent representatives 2
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0151/00E000 | Brussels | 2,591 m² | 1 · 1,070 m² | 27.7 m · 8 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Mark Beyst - Consultancy |
|
| Philippe Quoilin sri |
|
| POLET Jean |
|
| ALTHIEL |
|
| GABELI |
|
| Etienne BANSE |
|
| SRL DELOITTE Réviseurs d'Entreprises |
|
| Jacques DELENS |
|
| Jean-Jacques Delens |
|
| Marc Joway |
|
| MAZARS REVISEURS D'ENTREPRISES |
|
| Althiel SRL |
|
| Alain Delens |
|
| Forvis Mazars Réviseurs d’Entreprises |
|
| François Malfait |
|
| Philipe Quoilin SRL |
|
| Rik VANDENBERGHE |
|
| Damien MAGERAT |
|
| Jacques Rorif |
|
| Luc Galand |
|
| Hugo Van Passel |
|
Articles of association
Full purpose
Toutes entreprises de construction d'immeubles ou de génie civil, tant privées que publiques, ainsi que toutes opérations de promotion immobilière, et toutes opérations se rattachant à l'achat, la vente, l'échange, le courtage, la prise et la mise en location, la mise en valeur, le lotissement, la gestion, l'entretien et la transformation de tous immeubles généralement quelconques, ainsi que tous travaux d'isolation thermique, acoustique ou anti-vibratiles et montages de cloisons sèches.
Structure & network
Owners and holdings
1 ownerChain of control
- BESIX Group
- Entreprises Jacques Delens
- SUD - CONSTRUCT
Highest known parent: BESIX Group. The sources do not say who stands above it.
Owners 1
-
100%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of SUD - CONSTRUCT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
33 connected companiesShow 29 more companies with a shared director
Capital and shareholders
- 09-05-2023 Capital stated in the act · 550,000 EUR · 10,000 shares
Similar companies · same sector, comparable size
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.